Tag Archives: Real estate

DIF Capital Partners invests in a portfolio of 8 UK student accommodation assets

DIF

DIF Capital Partners (“DIF”) is pleased to announce that it has signed the acquisition of a 100% stake in Ottoway Portfolio Holdings (“Company”), a company that owns and operates a portfolio of eight purpose-built student accommodation (“PBSA”) assets in key UK cities. The company was acquired from a fund advised by Arlington Advisors (“Arlington”), a UK-based investment manager, and Campus Living Villages (“CLV”), one of the world’s leading on-campus student accommodation owner-operators. The investment will be made by DIF Infrastructure VI and CLV will continue operating the portfolio.

The Company comprises a sizable portfolio of PBSA assets, consisting of over 4,500 rooms across seven key cities in England and Wales (London, Birmingham, Leeds, Manchester, Liverpool, Nottingham and Newport). The majority are freehold assets and the portfolio benefits from a number of fixed leases and long-term agreements with universities. The properties have a considerable operational track record with historically high levels of occupancy driven by strong locations, well-priced rooms and close relationships with universities. The UK PBSA sector is expected to continue to experience growth, driven by its favourable demand and supply fundamentals and secure income generation capabilities. The portfolio also benefits from existing institutional financing in the form of a long-dated listed bond.

Gijs Voskuyl, Partner and Head of Infrastructure at DIF, said: “DIF is excited to add a sizable student accommodation portfolio to DIF VI. This operational portfolio benefits from long-term relationships with universities in key UK cities and has demonstrated a strong historical track record. We recognise the important role that PBSA plays for both local and foreign students thus we look forward to working alongside high calibre educational institutions to provide accommodation for their students”.

DIF was advised by CMS, Vercity, Student First Group, Deloitte and Evolution Infrastructure.

Arlington and CLV were advised by Squire Patton Boggs, KPMG, Memery Crystal and Osborne Clark.

 

About DIF Capital Partners

DIF Capital Partners is an independent infrastructure fund manager, with ca. EUR 16 billion of AUM. DIF was founded in 2005 and has built a leading position in managing mid-market investments, primarily in Europe, North America and Australia.

DIF follows two strategies: its traditional DIF funds invest in lower risk mid-sized infrastructure projects and companies in the energy transition (incl. renewables) and utilities sector, as well as PPPs and concessions. The firm’s CIF funds invest in small to mid-sized companies that will thrive in the new economy. These companies are typically active in the digital, energy transition and sustainable transportation sector.

With a team of over 225 professionals in 11 offices, DIF Capital Partners offers a unique market approach combining global presence with the benefits of strong local networks and investment capabilities. DIF is located in Amsterdam (Schiphol), Frankfurt, Helsinki, London, Luxembourg, Madrid, New York, Paris, Santiago, Sydney and Toronto.

For more information, please visit www.dif.eu

 

Contact DIF Capital Partners:

Renate Klöters, Director Marketing & Communications

r.kloters@dif.eu

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KKR Acquires Namsan Green Building

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KKR

SEOUL, South Korea–(BUSINESS WIRE)– KKR, a leading global investment firm, today announced the signing of definitive agreements under which funds managed by KKR will acquire Namsan Green Building, a quality office building in Seoul’s Central Business District (“CBD”) through collective investment vehicles established under the Financial Investment Services and Capital Markets Act of Korea.

Completed in 1994, Namsan Green Building is a 57,574-square-meter office building in Seoul that is centrally located near major transportation networks, including Seoul Station that connects to all the major cities in Korea, and the Seoul Station Bus Transit serving the Greater Seoul area. Today, the building operates as the headquarters of SK Broadband, a subsidiary of SK Telecom, Korea’s largest wireless carrier1 and the telecommunications arm of SK Group, one of the country’s largest conglomerates.

This acquisition takes place at a time when office market fundamentals are robust and demand for office space continues to rise strongly in the face of a resilient labor market and limited office space in Korea.

David Cheong, Managing Director, Real Estate at KKR, said, “Our investment in Namsan Green Building provides us with a unique opportunity to acquire a high-quality asset in a strategic location and add value by leveraging our real estate expertise to enhance its offerings for today’s modern office demands. We remain confident in the long-term prospects of Korea’s office real estate market, where future supply is extremely limited and demand for office space continues to be resilient, and look forward to helping the country meet its office space needs.”

KKR is making its investment primarily from Asia Real Estate Partners, KKR’s Asia-dedicated value-add and opportunistic real estate fund. Namsan Green Building is KKR’s latest real estate investment in South Korea, and adds to past office investments in the country and across Asia including Namsan Square, an office tower located in Seoul’s CBD, K Twin Towers, a premium commercial property in Seoul’s CBD, Centerfield, a prime office complex in Seoul’s Gangnam Business District, Twenty Anson, a prime-grade office building in Singapore’s CBD, and office assets across Japan. Globally, KKR’s real estate team manages approximately US$65 billion in assets as of December 31, 2022. The transaction is expected to be completed in May 2023.

About KKR

KKR is a leading global investment firm that offers alternative asset management as well as capital markets and insurance solutions. KKR aims to generate attractive investment returns by following a patient and disciplined investment approach, employing world-class people, and supporting growth in its portfolio companies and communities. KKR sponsors investment funds that invest in private equity, credit and real assets and has strategic partners that manage hedge funds. KKR’s insurance subsidiaries offer retirement, life, and reinsurance products under the management of Global Atlantic Financial Group. References to KKR’s investments may include the activities of its sponsored funds and insurance subsidiaries. For additional information about KKR & Co. Inc. (NYSE: KKR), please visit KKR’s website at www.kkr.com and on Twitter @KKR_Co.

1 Statista (2022). Market share of mobile phone service providers based on user numbers in South Korea in 2022

Media
Wei Jun Ong
+65 6922 5813
WeiJun.Ong@kkr.com

Source: KKR

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Ardian announces sale of office building in Berlin’s City West district

Ardian

01 March 2023 Real Estate Germany, Frankfurt / Berlin

Ardian, a world-leading private investment house, has announced the sale of an office building at Spichernstrasse 2 in the City West district of Berlin to an institutional investor. Built in 1993, the property is located in the heart of Berlin, and has around 13,000 sqm of rental space.

Ardian’s Real Estate team acquired the property in 2018 and has since overseen an extensive renovation of the building. In particular, the lobby, common areas and the roof terrace have all been significantly renovated, with additional investments being made in improving the infrastructure of the asset.

Consequently, the property has received a “WiredScore Gold” rating, which signifies very high-quality digital infrastructure and a highly reliable Internet connection. The asset has also achieved a “very good” BREEAM score – BREEAM is a certification system established in the real estate industry for assessing the sustainability of buildings.

In addition, the building is now 95% occupied, with Ardian having agreed long-term new and follow-on leases with a number of tenants, including the Berufsgenossenschaft für Gesundheitsdienst und Wohlfahrtspflege (BGW) and the companies KVL and TenBrinke, which are active in the real estate sector.

“The sale of the office building in Berlin’s Spichernstrasse confirms that quality, sustainability and location prevail even in the current challenging market environment. The newly awarded certifications also reflect two of our focus areas in real estate development: sustainability and digital infrastructure.” Nico Rheims, Managing Director, Ardian

The purchase agreement was signed on December 2022. The parties have agreed not to disclose financial details of the transaction.

LIST OF PARTICIPANTS

  • Ardian

    • Herbert Smith Freehills, Taxess and Drees & Sommerberaten advised the seller in the transaction.

ABOUT ARDIAN

Ardian is a world-leading private investment house, managing or advising $150bn of assets on behalf of more than 1,400 clients globally. Our broad expertise, spanning Private Equity, Real Assets and Credit, enables us to offer a wide range of investment opportunities and respond flexibly to our clients’ differing needs. Through Ardian Customized Solutions we create bespoke portfolios that allow institutional clients to specify the precise mix of assets they require and to gain access to funds managed by leading third-party sponsors. Private Wealth Solutions offers dedicated services and access solutions for private banks, family offices and private institutional investors worldwide. Ardian is majority-owned by its employees and places great emphasis on developing its people and fostering a collaborative culture based on collective intelligence. Our1,000+ employees, spread across 16 offices in Europe, the Americas, Asia and Middle East are strongly committed to the principles of Responsible Investment and are determined to make finance a force for good in society. Our goal is to deliver excellent investment performance combined with high ethical standards and social responsibility.
At Ardian we invest all of ourselves in building companies that last.

ardian.com

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Ardian announces Japanese fashion house and art gallery Hauser & Wirth as new tenants of its prestigious Renaissance complex

Ardian

17 January 2023 Real EstateFrance, Paris

The complex was  by Ardian in May 2018 and is located in the heart of the Parisian Golden Triangle, the city’s fashion hotspot. It will now become the home of a major Japanese fashion house and the Hauser & Wirth art gallery.

Ardian, a world-leading private investment house, acquired the 9,300m² property in May 2018. Consisting of three private mansions, its name, Renaissance, was inspired by the ambitions of Ardian, architectural firm CALQ and decorator Tristan Auer to create an exceptionally unique and modern space in an exclusive and sought-after location.

Swiss gallery Hauser & Wirth, famous for its modern and contemporary art collection, had spent 15 years searching for the perfect location to establish itself in Paris, which is renowned for its rich cultural scene and the Paris+ contemporary art fair by Art Basel. Hauser & Wirth fell under the spell of this unique building, which met all of its criteria.  The gallery will exhibit a range of artists at the heart of the capital in one of the private mansions.

Hauser & Wirth will be joined by an exclusive Japanese fashion house. Its owners were attracted to Renaissance by its prime location and design, reminiscent of the most illustrious Parisian haute couture addresses.

“It is a great source of pride for Ardian’s Real Estate teams to have envisioned and delivered this project alongside the teams at CALQ and Tristan Auer. The trust that the building’s future tenants have placed in us is testament to the success of our ambition to create a unique and timeless place in the heart of Paris. Renaissance reflects the beauty and creativity that characterize Paris – the capital of fashion, art and culture.” Stéphanie Bensimon, Head of Real Estate, Ardian

ADVISORS

  • Ardian

    • Commercialization advisor: Advisor2, SCC Vendôme

 

ABOUT ARDIAN

Ardian is a world-leading private investment house, managing or advising $140bn of assets on behalf of more than 1,400 clients globally. Our broad expertise, spanning Private Equity, Real Assets and Credit, enables us to offer a wide range of investment opportunities and respond flexibly to our clients’ differing needs. Through Ardian Customized Solutions we create bespoke portfolios that allow institutional clients to specify the precise mix of assets they require and to gain access to funds managed by leading third-party sponsors. Private Wealth Solutions offers dedicated services and access solutions for private banks, family offices and private institutional investors worldwide. Ardian is majority-owned by its employees and places great emphasis on developing its people and fostering a collaborative culture based on collective intelligence. Our 1,000+ employees, spread across 15 offices in Europe, the Americas and Asia, are strongly committed to the principles of Responsible Investment and are determined to make finance a force for good in society. Our goal is to deliver excellent investment performance combined with high ethical standards and social responsibility.
At Ardian we invest all of ourselves in building companies that last.

ardian.com

Press contact

Ardian

HEADLAND

ardian@headlandconsultancy.com

 

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Blue Owl Capital Completes Acquisition of Oak Street Real Estate Capital

Blue Owl logo

New York, New York and Chicago, Illinois – December 30, 2021 – Blue Owl Capital Inc. (“Blue Owl”) (NYSE: OWL) announced today the completion of its acquisition of Oak Street Real Estate Capital, LLC (“Oak Street”) and its investment advisory business. The transaction was previously announced in October of 2021.

Founded in 2009, Oak Street is a Chicago-based firm with over 35 employees and $12.4 billion of assets under management as of September 30, 2021. The firm focuses on structuring sale-leasebacks, which includes triple net leases, as well as providing seed and strategic capital. Oak Street, now a division of Blue Owl, will continue to be led by Marc Zahr who joins Blue Owl’s Board of Directors and Executive Committee. Oak Street’s Chicago office is now an additional office for Blue Owl.

Doug Ostrover, Co-Founder and CEO of Blue Owl, said: “We are thrilled to officially welcome Marc and the Oak Street team to Blue Owl. Oak Street is the industry’s preeminent net lease platform with meaningful capital, scale, and expertise that will further expand Blue Owl’s range of investment solutions. We look forward to working closely together and are excited for what the future holds.”

Marc Zahr, Co-Founder and CEO of Oak Street, said: “Through its direct lending and GP stakes solutions, Blue Owl has built a one-stop shop for alternative asset managers in solving capital needs. We are excited to join the Blue Owl team and add our flexible real estate solutions to the platform.”

Kirkland & Ellis LLP acted as legal counsel to Blue Owl. Berkshire Global Advisors served as financial advisor and Willkie Farr & Gallagher LLP acted as legal counsel to Oak Street.

About Blue Owl

Blue Owl Capital is an alternative asset manager that provides investors access to Direct Lending and GP Capital Solutions strategies through a variety of products. The firm’s breadth of offerings and permanent capital base enables it to offer a differentiated, holistic platform of capital solutions to participants throughout the private market ecosystem, including alternative asset managers and private middle market corporations. The firm had approximately $70.5 billion of assets under management as of September 30, 2021. Blue Owl Capital’s management team is comprised of seasoned investment professionals with more than 25 years of experience building alternative investment businesses. Blue Owl Capital has over 300 employees across its Direct Lending and GP Capital Solutions divisions and has nine offices globally. For more information, please visit us at www.blueowl.com.

About Oak Street

Oak Street Real Estate Capital is a diversified real estate investment firm. The firm was founded in 2009 and headquartered in Chicago, Illinois. Oak Street offers a unique platform combining direct and indirect real estate strategies across two lines of business, its Net Lease platform and its Seeding and Strategic Capital platform. The Net Lease platform is focused on acquiring properties net-leased to investment grade and creditworthy tenants. Oak Street specializes in providing flexible capital solutions to a variety of organizations including corporations, healthcare systems, universities and government entities.

The Seeding and Strategic Capital platform was founded with the focus of investing in early-stage real estate managers. The firm provides strategic institutional capital to managers enhanced by attractive general partnership economics and an active governance role. The platform seeks to work with strongly aligned management teams with leading investment capabilities, oftentimes led and controlled by women and minorities.

Investor Contact
Ann Dai
Head of Investor Relations
owlir@blueowl.com

Media Contact
Prosek Partners
David Wells / Nick Theccanat
Pro-blueowl@prosek.com

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CapMan Nordic Property Income Fund (non-UCITS) acquires a light industrial property with a public sector tenant, in Aarhus, Denmark

Capman

CapMan Real Estate press release
27 December 2022 at 10:15 EET

CapMan Nordic Property Income Fund (non-UCITS) acquires a light industrial property with a public sector tenant, in Aarhus, Denmark

CapMan Nordic Property Income Fund (non-UCITS) acquires a light industrial property with a public sector tenant, in Brabrand, Aarhus. The property is an excellent addition to the fund as it benefits from the growing demand for well-functioning light industrial space and is anchored by a municipal tenant on a long-term lease.

CapMan Nordic Property Income Fund (“CMNPI”) has acquired a light industrial property with a public sector tenant, in Aarhus, Denmark. The property, Sintrupvej 17-19, covers altogether c. 4,600 m2 of leasable space. It is located in Brabrand, Aarhus, a predominantly light industrial and logistics area with office and residential properties nearby. Brabrand is part of Aarhus municipality, just 7 km west of Aarhus city centre, which is accessible by car in approx. 15 min or by bike in 25 min and has easy access to public transportation. The asset is a multi-let property where the largest tenant is Aarhus Municipality on a long-term lease.

In addition to standard maintenance and refurbishments, CapMan plans to improve long-term sustainability of the property by investing in energy savings measures and is looking to certify the property in the future.

”We are very pleased about this addition to our income-focused fund. The Aarhus market for light industrial properties is experiencing great demand and this well-located and functional property is ideally positioned to benefit from this,” shares Peter Gill, Partner, Head of CapMan Real Estate Denmark.

”This is an excellent addition to the fund and to its growing warehouse portfolio, and also a demonstration of our local reach in the Nordics. Despite of a more challenging market there are opportunities to be found. Long-term income derived from a light industrial asset with a municipal tenant is a perfect fit for the fund,” shares Sampsa Apajalahti, Investment Director at CapMan Real Estate and Fund Director of CMNPI.

The property was acquired from Hermod Ejendomme A/S. The acquisition was secured and facilitated in cooperation with RUBIK Properties, a leading international operating partner in Denmark.

CapMan Nordic Property Income Fund is a non-UCITS active open-ended fund that distributes a minimum of 75% of its annual realized profit to its unit holders. The fund focuses on stable income generating properties such as light industrial and warehouse properties, modern offices, necessity-driven retail assets and niche properties in the living sector in most liquid Nordic cities with solid long-term growth fundamentals. The fund accepts new subscriptions on a quarterly basis and targets 7% annual net return.*

CapMan Real Estate currently manages approximately EUR 4.5 billion in real estate assets and the Real Estate Team comprises over 65 real estate professionals located in Helsinki, Stockholm, Copenhagen, Oslo and London.

*Past performance is no guarantee for future returns.

For more information, please contact:

Peter Gill, Partner, Head of CapMan Real Estate Denmark, peter.gill@capman.com, +45 20 43 55 63

Sampsa Apajalahti, Investment Director at CapMan Real Estate and Fund Director of CMNPI, sampsa.apajalahti@capman.com, +358 40 575 2363

About CapMan
CapMan is a leading Nordic private asset expert with an active approach to value creation. As one of the private equity pioneers in the Nordics we have built value in unlisted businesses, real estate, and infrastructure for over three decades. With approx. €5 billion in assets under management, our objective is to provide attractive returns and innovative solutions to investors. We are dedicated to set science-based targets to reduce our greenhouse gas emissions in line with the Paris Agreement. We have a broad presence in the unlisted market through our local and specialised teams. Our investment strategies cover minority and majority investments in portfolio companies and real estate, and infrastructure assets. We also provide wealth management solutions. Our service business includes procurement and analysis, reporting and back office services. Altogether, CapMan employs approximately 180 professionals in Helsinki, Stockholm, Copenhagen, Oslo, London and Luxembourg. We have been listed on the Nasdaq Helsinki since 2001. Read more at www.capman.com.

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Ardian acquires Milan office building in Via Vespucci 2, Porta Nuova district

Ardian

22 December 2022 Real Estate Italy, MILAN

The building will be transformed to meet Grade A Green+ and Net Zero Energy standards in line with Ardian Real Estate’s team commitment to ESG

Ardian, a world-leading private investment house, has finalized the acquisition of a Milan-based office building from a real estate fund managed by InvestiRE Sgr S.p.A. (Banca Finnat Group) through a co-investment vehicle with Primonial REIM France.

The property is located on Amerigo Vespucci 2 street in the heart of Milan’s Porta Nuova district. The building consists of approximately 12,300 sqm of floor space across for a total of 11 floors – of which nine are above ground.

The property is mainly vacant and will benefit from a major investment and redevelopment plan to transform it into a Grade A Green+ building. This certification is one of the highest sustainability rankings available for minimizing consumption and emissions. As part of the redevelopment, it will also become a Net Zero Energy Building.

“Ardian will invest heavily in transforming this property through a ‘Build-to-Green+’ strategy. As part of the development, we will work in accordance with the terms of the Paris Agreement to minimize CO2 emissions during construction and over the building’s lifetime. We have already launched a design competition inviting some of the most prestigious international studios to submit plans for the building. Our goal is regenerate an important part of the city by creating an attractive place to live for the local community and turning this iconic building into a pioneering example of sustainable redevelopment. “ Matteo Minardi, Managing Director, Ardian

” Even in a difficult geopolitical and macroeconomic climate, Ardian is continuing to invest in strategically located assets in the Italian real estate market. As a result of the Covid-19 pandemic and amid the energy transition, we have seen a shift in demand towards higher quality assets aligned to international ESG standards. Ardian’s strategy is to respond to this market trend by delivering high-performing and sustainable assets.” Rodolfo Petrosino, Senior Managing Director, Ardian

Advisor

  • Ardian

    • Legal: Ashurst
    • Fiscal: 5Lex
    • Administrative law: Gattai, Minoli, Partners
    • Technical aspects: Yard Reeas, General Planning
    • Notary office: Milano Notai
    • Commercial due diligence: JLL

  • Seller

    • InvestiRE SGR S.p.A

ABOUT ARDIAN

Ardian is a world leading private investment house, managing or advising $140bn of assets on behalf of more than 1,400 clients globally. Our broad expertise, spanning Private Equity, Real Assets and Credit, enables us to offer a wide range of investment opportunities and respond flexibly to our clients’ differing needs. Through Ardian Customized Solutions we create bespoke portfolios that allow institutional clients to specify the precise mix of assets they require and to gain access to funds managed by leading third-party sponsors. Private Wealth Solutions offers dedicated services and access solutions for private banks and family offices worldwide. Ardian is majority-owned by its employees and places great emphasis on developing its people and fostering a collaborative culture based on collective intelligence. Our 1000+ employees, spread across 15 offices in Europe, the Americas and Asia, are strongly committed to the principles of Responsible Investment and are determined to make finance a force for good in society. Our goal is to deliver excellent investment performance combined with high ethical standards and social responsibility.
At Ardian we invest all of ourselves in building companies that last.

www.ardian.com

Press contacts

Ardian

HEADLAND

ardian@headlandconsultancy.com  

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CapMan Real Estate acquires a centrally located office property in Oslo, Norway

Capman

CapMan Real Estate acquires a centrally located office property in Oslo, Norway

The CapMan Nordic Real Estate III Fund (CMNRE III) has agreed to acquire Sørkedalsveien 6, an office property located in Majorstuen, Oslo city centre from Entra. The property, immediately located in the second largest public transport hub in the area, has altogether 19,300 m2 of space spread over 18 floors above ground and two below. CapMan Real Estate aims to modernise the building focusing amongst other things on improving its energy efficiency and targeting a BREEAM in-use Excellent or Outstanding rating.

Sørkedalsveien 6, is a prime office property located in Majorstuen, Oslo. The iconic property consists of approximately 17,200 m2 office, 1,300 m2 retail and 900 m2 storage space distributed across 18 floors above ground and two underground floors. It also has 70 parking spaces in the basement.

Majorstuen is the second largest public transport hub in the area with around 12 million annual commuters. The nearest subway station and several bus and tramlines are only a two-minute walk away from Sørkedalsveien 6 and a new subway line connecting Majorstuen all the way to Fornebu, a growing residential area, will start running in 2029 and further increase the asset’s connectivity.

Currently, the building is fully let to KPMG and Power Norge AS. The building serves as KPMG’s Norwegian headquarters since its construction in 2001. KPMG are expected to vacate the property at the latest in June 2026.

CapMan Real Estate plans to modernise the office and retail spaces, improving their energy efficiency and overall tenant attractiveness. The property is currently certified BREEAM In-Use Very Good. CapMan Real Estate is targeting a BREEAM in-use Excellent or BREEAM in-use Outstanding rating through its ambitious ESG investment plan.

”We look forward to developing this asset, creating a modern and attractive office space answering future tenants needs. The area is expected to become even more connected going forward and I see excellent potential for this iconic asset,” shares Magnus Berglund, Partner, Head of CapMan Real Estate Sweden and Norway.

The EUR 564 million CapMan Nordic Real Estate III Fund was established in 2020 and invests primarily in office, retail, and residential real estate in the Nordic regions.

CapMan Real Estate currently manages approximately EUR 4.5 billion in real estate assets and the Real Estate Team comprises over 65 real estate professionals located in Helsinki, Stockholm, Copenhagen, Oslo and London.

For more information, please contact:

Magnus Berglund, Partner, Head of CapMan Real Estate Sweden and Norway, magnus.berglund@capman.com, +46 707 866 808

About CapMan
CapMan is a leading Nordic private asset expert with an active approach to value creation. As one of the private equity pioneers in the Nordics we have built value in unlisted businesses, real estate, and infrastructure for over three decades. With approx. €5 billion in assets under management, our objective is to provide attractive returns and innovative solutions to investors. We are dedicated to set science-based targets to reduce our greenhouse gas emissions in line with the Paris Agreement. We have a broad presence in the unlisted market through our local and specialised teams. Our investment strategies cover minority and majority investments in portfolio companies and real estate, and infrastructure assets. We also provide wealth management solutions. Our service business includes procurement and analysis, reporting and back office services. Altogether, CapMan employs approximately 180 professionals in Helsinki, Stockholm, Copenhagen, Oslo, London and Luxembourg. We have been listed on the Nasdaq Helsinki since 2001. Read more at www.capman.com.  

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CapMan Real Estate promotes Thomas Laakso as Partner and fund director for the Hotels fund

Capman

Thomas Laakso, Investment Director at CapMan Real Estate, has been promoted Partner. Simultaneously, he takes over leadership of the CapMan Hotels II fund from Pirjo Ojanperä, who transitioned to a Senior Advisor role in December after a long career at CapMan.

CapMan Hotels II fund is one of the largest owners of hotel properties in the Nordics. Mr. Laakso, who has extensive experience from hotel operations, development, consulting and asset management across Europe, the Middle East, Africa and the USA, started working with CapMan’s Hotels investment strategy one year ago with the ambition to expand and internationalise its operations.

“I’m very excited with the direction for the Hotels strategy under Thomas’ leadership. His background and expertise will help realize the fund’s Northern European focus for fundraising and deal flow. I also want to thank Pirjo for her outstanding work with managing the current hotel asset portfolio and her extensive career at CapMan,” says Mika Matikainen, Managing Partner of CapMan Real Estate.

“I appreciate the trust and am particularly grateful for Pirjo Ojanperä for all she has done for the fund and for me personally.  This is an exciting time for the hotel fund. The speed of the hotel industry’s post-Covid recovery has exceeded everyone’s expectations and the long-term fundamentals are sound. With some repricing pressure in the market, we see interesting acquisition opportunities going forward,” says Thomas Laakso, Partner, CapMan Real Estate.

“I’m grateful for the long journey together with CapMan and its knowledgeable real estate team and stakeholders over the years. Together, we have served and advanced the hospitality market. In Thomas, the fund now has a very qualified new leader and I want to warmly welcome him as he continues our development efforts which I will continue to support as Senior Advisor,” says Pirjo Ojanperä, Senior Advisor at CapMan Real Estate.

CapMan Hotels II fund is a semi-open-ended fund with an evergreen structure and a continuous term. It invests in hotel properties generating a stable and predictable income. The current portfolio consists of 27 assets across Finland and Sweden with multiple leading operators as tenants and a weighted average lease term (WALT) of 25 years based on 100% index linked leases. The fund has €368 million in equity commitments and the open-ended structure of the fund allows for growth through new capital and portfolio expansion. The attractive structure combined with the existing strong portfolio create an excellent foundation for future growth. The fund is classified as Article 8 under the EU Sustainable Finance Disclosure Regulation.

CapMan’s Real Estate team comprises 65 real estate professionals in Helsinki, Stockholm, Copenhagen, Oslo, Jyväskylä and London. CapMan Real Estate currently manages over €4.0 billion in real estate assets.

For more information, please contact:

Mika Matikainen, Managing Partner, CapMan Real Estate, +358 40 519 0707

About CapMan

CapMan is a leading Nordic private asset expert with an active approach to value creation. We offer a wide selection of investment products and services. As one of the Nordic private equity pioneers, we have developed hundreds of companies and real estate assets and created substantial value in these businesses and assets over the past 30 years. With approx. €5 billion in assets under management, our objective is to provide attractive returns and innovative solutions to investors. We have a broad presence in the unlisted market through our local and specialised teams. Our investment strategies cover Private Equity, Real Estate and Infra. We also have a growing service business that includes procurement services, wealth management, and analysis, reporting and back office services. Altogether, CapMan employs around 180 people in Helsinki, Stockholm, Copenhagen, Oslo, London, Jyväskylä and Luxembourg. We are a public company listed on Nasdaq Helsinki since 2001 and a signatory of the UN Principles for Responsible Investment (PRI) since 2012. Read more at www.capman.com.

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Zibber continues to grow rapidly with the acquisition of AV2

Mentha

Zibber, a specialist in real estate presentation and related services for realtors, is taking over industry competitor AV2. This is Zibber’s third acquisition in a short period of time, further strengthening the company’s leading position in professional real estate presentations on the Dutch market. Thanks to the acquisitions, the company can further invest in improving the customer experience and employee satisfaction.

AV2 will continue as a label under Zibber for the time being, and in this way, services and available knowledge and technology will be exchanged and coordinated. For example, Zibber’s 3D laser scan will be introduced at AV2 over time and both parties will benefit from the bundling of the network of photographers for even better national coverage and greater capacity to accept assignments.

Lidy Zwijnenburg, founder of AV2 comments: “After 18 years filled with passion and pride in building AV2 into a relevant player in real estate presentations, the time has now come to hand over the baton to Zibber. I wanted to offer security and continuity to my staff and customers and I found this with Zibber. Their plans match the ambition which I have always had.”

Dogan Kahveci, co-founder of Zibber adds: “The enthusiasm and team spirit of Lidy and her company really appealed to us. She and her team have succeeded in becoming successful in their own style with an attractive service portfolio. I look forward to taking further steps together with the team.”

The acquisition of AV2 follows hard on the heels of the recent acquisitions of SOO media and Topr and fits in with the growth strategy of Zibber and Bright River, which belong to the same holding company. The leading position in the Netherlands offers opportunities to grow into an international specialist in the field of visual content production for real estate, e-commerce and leisure.

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